KUALA LUMPUR: Asia Pacific Land Bhd posted revenue of RM106.8 million and a loss after tax of RM1.235 million in FY2009, compared with revenue of RM65.1 million and a profit after tax of RM0.4 million in FY2008. For 4Q2009, the group recorded revenue of RM46 million and a loss after tax of RM2.8 million compared with 4Q2008’s revenue of RM19.1 million and a loss after tax of RM0.35 million.

In its statement to Bursa Malaysia on Feb 24, revenue for 4Q2009 has increased compared with 4Q2008 due to improved sales, work progress from the local property development division, and the one-time accrual of interest income on the balance of sale proceeds from the disposal of City Square Centre in 4Q2008, which resulted in a loss before tax of RM0.4 million.

The group expects an improvement in performance for FY2010, with the projected completion of the MyHabitat property development project in Kuala Lumpur and its Changshu project in China.
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